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SAP To Cut Workforce Despite Strong Earnings

Thursday, January 29, 2009
Although SAP has had a good year, fear of the increasingly harsh economic climate has led it to announce it will lay off 3,000 employees worldwide. Like other vendors, SAP was hit hard when the economy collapsed in September. But, unlike other vendors, many of whom had to trim head counts because of weak financial results, it has also been grappling with Oracle (NASDAQ: ORCL) in a lawsuit it complains is draining it financially, and customer anger over its hike in maintenance fees.
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